That’s right, the UK Film Council is now in charge of a film fund worth a whopping £15m.
Now let’s think about that for a second. The average budget of a Hollywood film is… well, a lot higher than £15m. So you can rule those out for a start.
The film industry works on the rule of 10. For any 10 films released only one will be a hit (and a few will break even, most will fail). So, really, they need to produce 10 films a year, which means budgets of £1.5m each, which is nothing. OK, so some could be co-productions (more likely), but you’re still not talking about a lot of money.
You’re pretty much ruling out anything with any ambition. Take Moon, for example, which cost $5m and was about as low-cost as a cinematically released sci-fi film is probably going to go. Well it’s unlikely to get completely funded by this new fund.
So the hopes are somewhat slim for movies made using this scheme, my guess it’ll be mainly limited to known film-makers and a few ultra-low-budget projects, to keep the risks minimal. But what else can you expect them to do when they have £25m knocked off their budget? Where does the rest of the roughly £350m spent per year on the arts?
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